Schroders Capital announced that its debut discretionary pan-European operating hotels fund has exceeded the €500 million hard cap target with its final close.
The Schroders Capital European Operating Hotels Fund, managed by Schroders Capital, has completed a €525 million ($622 million) final close, exceeding its €500 million ($593 million) hard cap and initial target of €300 million ($355 million).
Investors included some of Europe’s largest insurance companies, which were primarily from France, the Netherlands and Finland, as well as a sovereign wealth fund from the Middle East.
Assuming moderate leverage, the fund has €850 million ($1 billion) of capital to invest, according to Schroders, and is well-positioned to take advantage of the opportunities emerging across Europe. Schroders Capital currently manages more than 50 hotels.
“We’re focused on securing off-market deals offering deal security to sellers of high-quality assets in great
